U.S. stocks opened lower for a second straight day on Tuesday as a historic crash in U.S. crude prices to below zero and gloomy quarterly forecasts heralded the biggest economic slump since the Great Depression.
Starbucks Corp said on Monday it would roll out a plant-based food and beverage menu in China this week, launching Beyond Meat Inc and Oatly products in a country which is trying to recover from coronavirus shutdowns.
"You have a fiduciary responsibility when the government lays out a program to use it," 'Shark Tank' investor Kevin O'Leary, a.k.a. 'Mr. Wonderful, told CNBC on Tuesday.
Xerox Holdings Corp said on Tuesday it will make hand sanitizer in its factories in the United States and Canada to fight the spread of coronavirus, and start deliveries to healthcare organizations later this month.
The U.S. economic recession underway, caused by the coronavirus pandemic, will be worse than previously thought, with more economists polled by Reuters over the past week expecting a "U-shaped" recovery rather than any other option.
Google said on Tuesday it would stop charging merchants to place products on its Google Shopping search page as it looks to win e-commerce advertising business from Amazon.com Inc and other online retailers, just as they are struggling to supply customers with some items due to the coronavirus pandemic.
Now that you no longer go to an office you might think you qualify for the home-office deduction. Here's how to tell if you are eligible.
Virgin Australia's entry into administration could give any successful bidder for the country's second-biggest airline the chance to free it from a complex ownership structure that has slowed decision making and been blamed for years of losses.
Domestic air traffic is down 70% globally and the recovery over the coming six months is likely to be slow due to the damage coronavirus has done to economic conditions, the industry's representative body IATA said on Tuesday.
States should experiment with reopening their economies from their coronavirus shutdowns in order to save small businesses, CNBC's Jim Cramer said Tuesday.
Wall Street retreated for a second straight day on Tuesday as a collapse in U.S. crude prices and glum annual profit forecasts by companies foreshadowed the biggest economic slump since the Great Depression due to the coronavirus outbreak.
Those that have received Paycheck Protection relief designed for small business include publicly traded firms with thousands of employees.
Faltering consumer confidence will slow the recovery of air travel once coronavirus restrictions end, the sector's main global body warned on Tuesday, citing bleak new survey data.
The crash in U.S. crude prices has turned a reliable commodity less than worthless and given fresh urgency to bearish voices, who say it sounds alarm bells for global growth and are bracing for a catastrophic collapse in asset prices.
Benchmark Brent and U.S. oil futures for June delivery plunged to around two-decade lows on Tuesday, a day after U.S. May futures sank into negative territory for the first time in history as demand tumbled due to the coronavirus crisis.